A Major Reason That Forecasting Is So Important in Business

question 4

Multiple Choice

A major reason that forecasting is so important in business is that

• A) customers often demand forecasts before they purchase equipment.
• B) forecasts accurately describe a company's history.
• C) forecasts are good for spotting errors in current operations.
• D) spotting trends can give you an edge over the competition.

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Definitions:

Pitch Diameter

The diameter of an imaginary cylindrical surface that runs through the thread of a screw or gear, where this surface would make equal divisions between the peaks and valleys of the threads.

Metric Drawings

Technical drawings that use the metric system for dimensions, measurements, and scales, standard in countries outside of the United States.

Module

In engineering, a measure of gear tooth size which is the ratio of the pitch diameter to the number of teeth, influencing the gear's size and interaction.

Cutting Data

Critical information related to machining processes, including but not limited to speeds, feeds, and depths of cut, used to optimize machining operations.